Kurt Bills on Technology

Don't try to pick technology winners and losers

Q: Should government encourage investment or training in certain growth areas, like technology?

BILLS: Let markets drive it, don't try to pick and choose the winners and losers. HSBC, a large bank, has said that the low carbon, conservation,
environmental approach, those industries, is a $2 trillion industry in the next 10 years because young people are really getting into conservation. If you can't go as a private company and take part in a
$2 trillion sector of the economy, if you can't find a way forward, you shouldn't be a company.

From my perspective the government needs to have less of a footprint and let the market drive these things.
Again, by trying to manipulate interests rates, creating 2,000 subsidies since 1980, all we're doing is creating the boom and then when the boom busts we're trying to fix he bust so we get more and more government.